This week reinforced real estate’s enduring strength as a wealth-building asset. The S&P 500 briefly entered correction territory, dropping 10% from recent highs before a modest rebound on Friday. As equity markets fluctuate, real estate remains a stable, long-term investment. It offers appreciation potential, passive income, tax advantages, and a hedge against inflation, all without the daily volatility of stocks.

NYC Market Update: Strong Demand & Expanding Supply

In Manhattan, inventory climbed further, with 538 new listings pushing the total active supply above 6,000 units for the first time since November. This rise gives buyers more options, yet contract activity remains strong, reflecting a resilient market.

Brooklyn followed a similar trend. Although 132 signed contracts represented a slight 4% dip, demand remains steady, with contract volume holding within the 120-130 range for the sixth consecutive week. Meanwhile, the total active inventory surpassed 3,000 units for the first time since mid-December, providing buyers with more choices while maintaining a balanced market for sellers.

The Elegran | Forbes Global Properties NYC Consumer Sentiment Index remained firmly in positive territory at +39, signaling sustained buyer confidence despite broader economic uncertainty.

What This Means for Buyers & Sellers

For buyers, increasing inventory presents more opportunities to secure a home—without the intense bidding wars of past years. Real estate remains a stable hedge against market uncertainty, providing long-term value while avoiding the volatility of stocks.

For sellers, demand remains solid, and strategically pricing in line with market conditions can still yield strong results. Well-positioned properties continue to attract serious buyers in a fundamentally strong market.

As the market progresses into spring, expect continued momentum in NYC’s real estate market. In uncertain financial times, real estate proves—once again—to be a reliable and resilient asset class.

Manhattan Supply

The Manhattan residential market saw a significant influx of new inventory this week, with 538 fresh listings—a 14% increase from the previous week. This marks the largest weekly addition of new-to-market homes in 2025, pushing the total active inventory to 6,175, a 4.5% week-over-week rise. Notably, this is the biggest percentage increase in overall supply since mid-September and the first time inventory has surpassed 6,000 units since late November. The continued growth in available homes provides buyers with more options and could help balance the market as we move deeper into the spring season.

Brooklyn Supply

Brooklyn’s residential market saw 225 new listings this week, marking a 15% decline from the previous period. However, despite the slowdown in new inventory, total active listings rose to 3,008—a 2% week-over-week increase—surpassing the 3,000 mark for the first time since mid-December.

Manhattan Pending Sales: Pending sales increased by 2.5% to 2,837. 

Brooklyn Pending Sales: Pending sales increased by 1.2% to 1,798.

Manhattan Consumer Sentiment

Manhattan’s residential market maintained strong contract activity this week, despite a slight 3% dip from last week’s elevated levels. Contract volume remains at the upper end of its recent range, reflecting steady buyer engagement. As a result, the Elegran | Forbes Global Properties Manhattan Consumer Sentiment Index edged down from +23 to +19 but remained in positive territory for the third consecutive week. This sustained momentum highlights the market’s resilience as it enters the spring season.

Brooklyn Consumer Sentiment

Brooklyn’s residential market recorded 132 signed contracts this week, a 4% dip from the previous period, bringing the Elegran | Forbes Global Properties Brooklyn Consumer Sentiment Index down from +86 to +78. Despite this slight decline, contract activity has remained consistently strong, staying within the 120-130 range for the sixth consecutive week. This week’s contract volume remains at the higher end of recent trends, underscoring sustained buyer confidence and a stable demand environment as the market heads into spring.

New Development Insights 

Marketproof reported that 60 new development contracts were signed in 41 buildings this week. The following buildings were the top-selling new developments of the week:

- 77 Greenwich (Financial District) signed seven contracts

- Bergen Brooklyn (Boerum Hill) signed four contracts.

If you would like to chat about the most recent market activity,

feel free to contact us at info@elegran.com or 

connect with one of our Advisors.

About Us

Welcome to Elegran | Forbes Global Properties, where our mission is to revolutionize the world of real estate. Founded in 2008 by Michael Rossi, our journey began with an unwavering drive for motivation, innovation, and a genuine care for our clients.

As an independently owned brokerage, we pride ourselves on our elite team of "advisors," offering a personalized touch that goes above and beyond the traditional real estate experience. Armed with robust data insights, we empower our clients to make informed decisions that lead to success.

Distinguished as the exclusive member of the invitation-only Forbes Global Properties network in NYC, Elegran proudly stands at the forefront of excellence. This exclusive partnership broadens our horizons, enabling us to connect buyers, sellers, and investors with extraordinary luxury properties not only in New York City but across the globe.

Our passion lies in turning your real estate dreams into reality, and we are committed to providing exceptional service at every step of the journey.

Are you ready to experience the Elegran difference? Dive into the possibilities at www.elegran.com and embark on an unforgettable real estate adventure with us.